The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Cogeco Cable Reacts to CRTC's Decision on the Bell/Astral Deal

Thursday, June 27, 2013

Cogeco Cable Reacts to CRTC's Decision on the Bell/Astral Deal

18:52 EDT Thursday, June 27, 2013

MONTREAL, QUEBEC--(Marketwired - June 27, 2013) - Cogeco Cable Inc. (TSX:CCA) ("Cogeco") today responded with mixed disappointment to the CRTC's decision to approve the application by Astral Media Inc. ("Astral") for authority to transfer its effective control, and control of its licensed broadcasting subsidiaries, to BCE Inc. ("BCE") and to complete related corporate reorganizations.

"While disappointed, we accept and respect the decision," said Louis Audet, President & CEO of Cogeco Cable Inc. "We view positively that a number of new safeguards have been introduced along with this decision. We are confident that if all the safeguards are actively implemented and strictly enforced in a timely manner and with tight supervision, the interests of Canadian consumers could be effectively protected and the Canadian broadcasting market could remain workably competitive," concluded Mr. Audet.

ABOUT COGECO CABLE

Cogeco Cable (www.cogeco.ca) is a telecommunications corporation and is the11th largest hybrid fibre coaxial cable operator in North America operating in Canada under the Cogeco Cable brand name in Quebec and Ontario, and in the United States through its subsidiary Atlantic Broadband in Western Pennsylvania, South Florida, Maryland, Delaware and South Carolina. Its two-way broadband cable networks provide to its residential and small business customers Analogue and Digital Television, High Speed Internet («HSI») and Telephony services. Through its subsidiaries Cogeco Data Services and PEER 1 Hosting, Cogeco Cable provides its commercial customers a suite of IT hosting, information and communications technology services (Data Centre, Co-location, Managed Hosting, Cloud Infrastructure and Connectivity), with 23 data centres, extensive fibre networks in Montreal and Toronto as well as points-of-presence in North America and Europe. Cogeco Cable's subordinate voting shares are listed on the Toronto Stock Exchange (TSX:CCA). For more information about Cogeco Cable and its subsidiaries visit cogeco.ca, cogecodata.com, peer1.com and peer1hosting.co.uk.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Rene Guimond
Vice President, Public Affairs & Communications
(514) 764-4746

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections